Syndicate/ Beazley Insurance dac Accountant

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Description

Job Title:                     Syndicate / Beazley Insurance dac Accountant

Division:                      Finance

Reports To:                 As per Beazley’s organisation chart

Key Relationships:      Finance team, Lloyd’s of London, Banks, Actuaries, Underwriters, Ceded RI, Compliance and Auditors.

Job Summary:             Responsible for supporting the Syndicate/EIC Controller in maintaining/preparing accurate syndicate/BIDAC branch accounting ledgers and providing analysis and management information to various stakeholders.

Key Responsibilities: 

  • Preparation of monthly/quarterly financials for six syndicates and four BIDAC branches, to include posting journals using Agresso (GL Package).
  • Preparation and review of key balance sheet reconciliations on a quarterly basis.
  • Support the preparation of regulatory returns for Lloyd’s/CBI or relevant regulators and tax authorities and presentation of same to management.

  • Preparation and review of UK GAAP statutory accounts for six syndicates and Local GAAP branch accounts for BIDAC.

  • Liaise with Group reporting manager to facilitate consolidation of the syndicate/BIDAC results into the parent company Beazley plc, (including calculation of any relevant IFRS adjustments).

  • Analytical review of syndicate/BIDAC financial information including close liaison with the management reporting team.

  • Production and review of note disclosures for group reporting.

  • Liaise with underwriters, actuaries, auditors, senior management and/or 3rd parties as appropriate.

  • Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.

  • Support Syndicate/EIC Controller and Finance Manager with Ad-Hoc requests and projects as necessary.

  • Review output of junior team members and escalate issues to Syndicate/EIC Controller where relevant.

General:

At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.  

  • Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

  • Comply with Beazley procedures, policies and regulations including the code of conduct.  Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.

  • Display business ethics that uphold the interests of all our customers.

  • Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.

  • Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.

  • Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.  These may include membership of any Beazley committees or working groups.

Personal Specification:

Education and Qualifications

  • Qualified accountant

  • University degree in finance/ business/ accounting preferred

Skills and Abilities

  • Management/ leadership experience

  • Must be able to work as part of a team

  • Must demonstrate the key characteristics required to display the ability to coach/monitor junior staff members within the team.

  • Computer skills – Excel/MS Office

  • Excellent interpersonal and communication skills

  • Proactive, self starter, seeks continuous improvement

  • Ability to manage time, meet deadlines and prioritise

Knowledge and Experience

  • Knowledge of insurance company accounting is preferred

Aptitude and Disposition

  • Self motivated, flexible and enthusiastic

  • Professional approach to successfully interact with senior management/colleagues/external suppliers

  • Diplomatic

Competencies

  • Team work

  • Coaching ability

  • Technical competence and expertise

  • Accuracy

    Analytical thinking/information seeking

  • Speed and quality

  • Communication
  • Energy

  • Integrity

  • Flexible





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